Currently, we have:
Interest Calculation - during the financing period you are paying only interest, and at the end of the financing period, you will pay the principal amount This model is often used in the world.
Annuity Calculation - during the financing period you are paying part of the interest and part of the principal amount.
Aliquot - if the calculation starting date is not at the beginning of the month, the system splits the first payment into two payments - The first payment from the Calculation Starting day to the end of the month and the last payment from the beginning of the last month to the Expected Termination Date. It means the regular payments respect the calendar month in the Payment Calendar.
Daily Interest - It is possible to turn on only with the calculation model INTEREST. If turned on, the system calculates interest exactly according to the number of days in a payment period under the same conditions (principal, interest rate) Formula: "Principal balance" * Rate / 365 / 100 * Days.
Standardized loan management process
Certified by Microsoft
Fully integrated with Office 365 and other systems
MULTI-language, currency, company, legal
International solution available in 105 countries
On-premis and cloud ready
“We had never implemented such large-scale software before, so it was a great challenge for us. We appreciate the system’s flexibility in terms of its adaptation to our loan offers. In addition, we’re also happy that the system can grow with us and handle the processing of bulk changes and operations.”